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Dat lack of places to use the coin?
I don't mean to come across all negative (maybe I'm just missing the point), but where does the future of this coin (or any altcoin) lie if it's not adopted by merchants? Adoption of bitcoin, realistically, is thin-spread. Altcoins value just seems to be pinned to the BTC economy and are only mined when the rates are favorable for CPU/GPU miners to mine, then cash-out to BTC. The exchange rate of altcoins seems to be about 70% about difficulty vs current exchange rate, and 30% about how the market can be manipulated with pump and dump schemes.
Whilst the indivisible property of this coin is interesting, it does pretty much brick the coin from having any kind of widespread adoption. The minimum purchase price of *anything* can only be the value of 1 CENT. What use is that if a CENT becomes worth $10? No use - and (I don't think) it won't reach anywhere near that price, obviously, because of that fact.
I "cashed out" at a rate of 0.00051 BTC per CENT, currently (much) higher than they're being traded for on BTER. Sure the value will fluctuate as multicoin pools hop on/off board and more pump bs is spread via forums and chat, but this will only ever be a trader's coin.
Props to the dev though! Some great work with the concept, client, etc.
And just one last time - I don't mean to bash the coin, just annoys/humors me when everyone is screaming for others to "buy whilst their cheap", when in fact all they really want is to pump the price so they can cash out. If everyone should be buying right now, why aren't you? Unless you're one of the 4 buy orders on BTER...
I don't mean to come across all negative (maybe I'm just missing the point), but where does the future of this coin (or any altcoin) lie if it's not adopted by merchants? Adoption of bitcoin, realistically, is thin-spread. Altcoins value just seems to be pinned to the BTC economy and are only mined when the rates are favorable for CPU/GPU miners to mine, then cash-out to BTC. The exchange rate of altcoins seems to be about 70% about difficulty vs current exchange rate, and 30% about how the market can be manipulated with pump and dump schemes.
Whilst the indivisible property of this coin is interesting, it does pretty much brick the coin from having any kind of widespread adoption. The minimum purchase price of *anything* can only be the value of 1 CENT. What use is that if a CENT becomes worth $10? No use - and (I don't think) it won't reach anywhere near that price, obviously, because of that fact.
I "cashed out" at a rate of 0.00051 BTC per CENT, currently (much) higher than they're being traded for on BTER. Sure the value will fluctuate as multicoin pools hop on/off board and more pump bs is spread via forums and chat, but this will only ever be a trader's coin.
Props to the dev though! Some great work with the concept, client, etc.
And just one last time - I don't mean to bash the coin, just annoys/humors me when everyone is screaming for others to "buy whilst their cheap", when in fact all they really want is to pump the price so they can cash out. If everyone should be buying right now, why aren't you? Unless you're one of the 4 buy orders on BTER...
Why do you wish to always equate an items value to fiat cash. The price is an expression of value in a given measure, yes under the dollar we would say it costs 10, but using our currency system, the price we accept as lowest is 1 cent. Attempting to compare types of currency that are so fundamentally different is a mud hole. Perhaps you should take time to understand that moving from one system to another requires re-thinking how we "value" things, not how we "price" them.
selling @ 0.007 BTC each 
